Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror
×

Comment Re:Editors : WTF (Score 1) 307

Guilty of using the wrong spelling of principal there, mea culpa; and I will not make excuses for it: but where I did I ever claim I was a financial guru, AC troll? Go ahead, show us.
I simply said homeownership is a better investment than renting a house, and by far most people agree, your linked editorial notwithstanding. You're the one, not I, who thinks of himself as super business saavy with all your exaggerated RRSP investments (which don't even apply in my country, genius). But now we're off-topic.

Comment Re:quickly to be followed by self-driving cars (Score 1) 904

Okay.

You piss your money away on interest to the bank on your mortgage. City tax. School tax. Water tax. Insurance.

Your landlord is just passing those costs on to you in your rent. Utilities, as well.
And I'm not proffering "financial" advice nor being "smug", just the common sense tenet that a solid house is generally a good investment, and something you can sell or pass on to your kids. The only renters I know rent only because they have to, they can't afford a down payment. They live hand to mouth, and it's sad because they're friends. Also, I'm talking about houses with property, not condos.

Comment Re:quickly to be followed by self-driving cars (Score 1) 904

True, true, it definitely benefits to pay as much on your principle as you can. The first several (or more) years of mortgage goes almost entirely to interest. Therefore I look at it as a long run thing, I think our mortgage is 15 years (now I'll have to go back and check!)
And for those who move once in a while, renting makes more sense there.. but once you settle down for good, I think buying is the best option, as houses tend to increase in value. At least I'll have something to leave to my kid too.

Comment Re:quickly to be followed by self-driving cars (Score 1) 904

I get that. I'm having my electrical box replaced this Friday due to corrosion of the rails from a water leak, which is putting me out $600 all told because we initially thought it was the air conditioning unit that went bad. Ouch. Still, I'd rather be in control of the situation than have a landlord as a middle man. My mortgage (sans taxes) is only about $800 a month for a 2 bedroom rancher with full basement and attic, and a 180 foot long yard; I know some local places where the rent is that high for much less property/housing, yet those occupants will never see equity in their home or any kind of ROI, which is a shame.

Comment Re:quickly to be followed by self-driving cars (Score 2) 904

Right, pissing your money away every month to a landlord who does own the building and making a profit off of you is much better. Owning a home can be risky if you don't know what you're doing (lazy) or incredibly unlucky, but for most, it's a good solid investment, and far from "for the already rich". Unless you live in NY or Socal.

Comment Re:Third Option (Score 1) 459

We are well into the 21st century, oceans or distance no longer mean containment or isolation. The geopolitical landscape is too complex to just cut ties with several of the mideast countries, as much as I wish we could. But I agree, peace is highly unlikely in our lifetimes.

Comment Re:First impressions of X11/Linux count (Score 1) 267

I always thought Gnome looked a little more polished, and KDE a little bit "Fisher Price", but I'll still take KDE, far more configurable. My son started to mess with linux a little, I tried to impress on him that linux is the kernel, and the GUI is something that is interchangeable, but that's a lot more important on a desktop than a server, my linux boxes are servers.

Slashdot Top Deals

Understanding is always the understanding of a smaller problem in relation to a bigger problem. -- P.D. Ouspensky

Working...